Trump released gold, uranium and other minerals of customs duties

US President Donald Trump on Friday issued a decision to release graphite, tingstin, uranium and gold bars, along with other customs of customs duties imposed on the basis of each country, while silicone products are subject to these fees. According to an executive order issued on Friday, these changes will come into effect on Monday. Trump’s direction can accelerate the implementation of customized trade transactions between the United States and other countries, making it easier for Washington to cancel customs duties on the parts of aircraft and generic medicine, and a number of goods that cannot naturally be produced or extracted within the country, such as coffee, special spices and unprecedented minerals. This decision gives an official nature to the plan to release gold bars from customs duties, after it surprised a decision issued by the US Customs and Protection Authority weeks ago and confused and confused when he indicated that the alloys would be subject to tax tax. Also read: Trump: Customs duties will not be imposed on gold imports. The executive matter made it clear that the changes came based on US officials, and explained that “these amendments are essential and appropriate to handle the state of national distress” which Trump first announced when the fees are imposed on April according to each country. A new mandate for the implementation of agreements under this procedural amendment will authorize the Commercial Representative of the United States and the Ministry of Trade to take the necessary measures to conduct framework agreements with other countries, such as those that Trump has concluded with the European Union, Japan and South Korea. So the president does not have to issue new executive orders to carry out these changes. Global customs duties are an essential part of Trump’s strategy to address trade imbalances, which he regarded as a threat to national security. Prior to last month, he approved the increases on dozens of fees imposed according to each country, and he entered into agreements with various economies imposing lower rates, in exchange for the dedication of foreign capitals to lift the restrictions that impede US goods. The effects of customs duties in the markets were drawn up by customs duties and some agreements quickly for several months, raising complaints that it could cause unrest in large markets and increase the prices of goods that cannot be produced or grown within the United States. Does the US economy suffer because of the drawings or because it is addicted to it? .. Details here. On the other hand, mutual customs duties are canceled on a group of minerals, including important materials included in the aviation industries, consumer electronics, medical devices and other technologies. Medicines such as Sodoifidrin, antibiotics and other pharmaceutical varieties, which are already undergoing a separate commercial investigation by the Ministry of Trade, also receive new exemptions. In addition to silicone products, the US president is expanding its mutual customs duties to include products such as resin and aluminum hydroxide.